RSS

M&A/Investment

The White House included over $100 million for the Port of Corpus Christi’s Ship Channel Improvement Project under the U.S. Army Corps of Engineers Civil Works Division for Coastal Navigation Construction. Read more

M&A/Investment

Total oil & gas industry deals for December 2019 worth $37.6bn were announced globally. Read more

M&A/Investment

Total oil & gas industry M&A deals in December 2019 worth $11.22bn were announced in the US. Read more

M&A/Investment

The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers. Read more

M&A/Investment

Magellan Midstream Partners, L.P. announced today an agreement to sell three marine terminals to Buckeye Partners, L.P. for $250 million. Read more

M&A/Investment

Philadelphia Energy Solutions

REUTERS

The refinery’s owner, Philadelphia Energy Solutions, is scheduled to reveal the winning bidder on Wednesday during a hearing at the United States Bankruptcy Court for the District of Delaware. Read more

Plant Management & Operations

Becht Engineering’s Dimensional Technology Services division announces that it has agreed to acquire Texas Gulf Coast Engineers. Read more

M&A/Investment

Oil and gas major Shell has publicly committed to selling more than $5 billion of assets per year in 2019 and 2020. The Netherlands-based company is trying to use its global scale to build a power business as the world moves toward cleaner energy. Read more

M&A/Investment

This could represent a $24 billion capex savings opportunity for U.S. shale operators to strengthen their balance sheets and boost returns. Read more

Drilling & Exploration

Brand Energy & Infrastructure Services acquires SYN-Service, NOV completes acquisition of Denali Inc., Entergy Mississippi acquires Choctaw County Generating Station, Parsley Energy acquires Jagged Peak Energy in all-stock transaction Read more

M&A/Investment

BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. Read more

M&A/Investment

Oilfield equipment provider Apergy Corp will acquire Ecolab Inc’s upstream energy business in a tax-free deal valued at about $3.9 billion, the companies said on Thursday. Read more

M&A/Investment

WPX Energy has agreed to acquire Delaware basin operator Felix Energy for $2.5 billion. Read more

M&A/Investment

Continental Resources, Inc. announced that Founder and Chief Executive Officer, Harold Hamm will step up to the role of Executive Chairman. Read more

M&A/Investment

Chevron.png

REUTERS/Loren Elliott

Chevron says it is looking to sell its 50 percent stake in the Kitimat LNG Project in British Columbia. Read more

M&A/Investment

Energy Transfer expands vast pipeline network and acquires strategic position on the Houston Ship Channel. Read more

M&A/Investment

Saudi Aramco

Reuters

Institutional investors have put in $38.4 billion worth of bids for Saudi Aramco’s planned initial public offering. Read more

M&A/Investment

Refinery

Trong Nguyen

Husky Energy has closed the sale of its 12,000 barrel-per-day Prince George Refinery to Tidewater Midstream and Infrastructure for $215 million in cash, plus a closing adjustment of approximately $53.5 million. Read more

M&A/Investment

U.S. and local officials are opposing the sale procedure for the bankrupt Philadelphia Energy Solutions oil refinery, arguing the plan discourages bidders and keeps the city locked out of the process, according to federal court filings. Read more

M&A/Investment

Equinor has signed an agreement to divest to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford in the US state of Texas. Read more

M&A/Investment